Geee Posted November 23, 2012 Share Posted November 23, 2012 PJMedia: Long-time readers know that I’ve bemoaned the lack of distinction between the phrases “tax cuts” or “tax increases,” and “tax rate cuts” or increases, in policy discussion. For over a decade now, we’ve been arguing about the “Bush tax cuts,” as though anyone knows whether they were tax cuts or not. As I explained here almost four years ago: When a politician says that he’s going to either cut or increase your taxes, he is engaging, wittingly or not, in a conceit and a deceit. He says it as though he has the power to do any such thing, when in fact he does not. He has no power except to reduce or increase the rate at which you pay taxes, whether on property, income, or whatever. …When the “cost” of a tax rate reduction is “scored” by the Congressional Budget Office, they do a “static” analysis, which means that they assume that the change in rates will have no influence on the behavior of the taxed, which is arrant nonsense. When a politician tells you that he knows how much revenue a tax change will result in, he is either lying or deluded. So the president is at least one of those two (and they’re not mutually exclusive), because he said in his press conference a few days ago: It’s — and, look, I’ve been living with this for a couple of years now. I know the math pretty well. And it’s — it really is arithmetic. It’s not calculus. Leaving aside that it’s unlikely that the president has ever even taken calculus, let alone passed or excelled in it (we won’t know unless he finally releases his college transcripts), yes, Mr. President, it actually is calculus, and not just arithmetic. Link to comment Share on other sites More sharing options...
pollyannaish Posted November 23, 2012 Share Posted November 23, 2012 Revenue revenue revenue. When we argue about rates, we've lost the argument and accepted their paradigm. Edited to add: and we'd better not let them corrupt THAT idea either! Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now